CRYPTO NEWS: AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD, AND THE TRADING ACTIVITY SHARPLY DECLINES.

AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD, AND THE TRADING ACTIVITY SHARPLY DECLINES. MARKETS FOR CRYPTOCURRENCIES ARE ONCE AGAIN IN THE RED, AND THIS SATURDAY’S TRADING VOLUME WAS INCREDIBLY LOW. 

AFTER EXHIBITING MINIMAL CHANGE ON FRIDAY, PRICES FOR BITCOIN AND ETHEREUM ARE LOWER TODAY AS A RESULT OF THE MARKET BREAK. WHILE BITCOIN IS TRADING AT AROUND $19,000, ETHEREUM IS CURRENTLY TRADING BELOW THE $1,300 LEVEL OF SUPPORT.

AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD, AND THE TRADING ACTIVITY SHARPLY DECLINES:

AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD
AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD

THE 24-HOUR TRADING VOLUME FOR BTCUSD IS DOWN 54%, WHILE THAT FOR ETHUSD IS DOWN 49%. OVER THE WEEKEND, THE TRADE VOLUME IS EXPECTED TO DECREASE.

AS A RECAP, HERE ARE SOME SIGNIFICANT STORIES FROM THIS WEEK:

ACCORDING TO SOME REPORTS, NORTH KOREA IS SECRETLY AMASSING MILLIONS OF DOLLARS’ WORTH OF BITCOIN VIA DUBIOUS METHODS INCLUDING HACKING AND TAKING USE OF SMART CONTRACTS.

STOCK MARKET UNDERPERFORMANCE IS A RESULT OF THE FED’S AGGRESSIVE MONETARY POLICIES.

INQUIRIES INTO YUGA LABS, APECOIN, AND THEIR NFTS HAVE BEEN OPENED BY THE SEC.

GOOGLE CLOUD HAS BEGUN TO ACCEPT BITCOIN, ETHEREUM, AND DOGECOIN THROUGH COINBASE.

DUE TO THE FACT THAT MORE ETHER IS BURNED DURING TRANSACTION VALIDATION THAN IS GENERATED THROUGH STAKING, THE SYSTEM OF ETHEREUM IS NOW EXPERIENCING DEFLATION.

A NEW PROTOCOL AIMS TO PROMOTE BITCOIN MINING THAT IS ENVIRONMENTALLY BENIGN BY GIVING SBCS (SUSTAINABLE BITCOIN CERTIFICATES) TO INTERESTED INVESTORS WHO WANT TO REACH THEIR SUSTAINABILITY QUOTA.

AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD, AND THE TRADING ACTIVITY SHARPLY DECLINES.

BASIC IDEAS ABOUT THE CRYPTO ECONOMIC MARKET:

ECONOMICALLY SPEAKING, THE OVERALL MARKET VALUATION FOR CRYPTOCURRENCIES IS STILL $900 BILLION. AS LONG AS IT STAYS BELOW $1 TRILLION, WE CAN INFER THAT THE SHORT-TERM MARKET SENTIMENT IS PESSIMISTIC.

CURRENTLY, THE FEAR AND GREED INDEX IS AT 24 POINTS, WHICH IS A DECREASE FROM LAST MONTH’S 28 POINTS BUT AN IMPROVEMENT OVER THE 20 POINTS EARLIER IN THE WEEK. OVER THE PAST FEW MONTHS, THE MARKET HAS CONSISTENTLY SEEN THIS DEGREE OF ACUTE PANIC.

DESPITE THE BEAR MARKET, THE DECREASED VOLATILITY FOR BITCOIN AND ETHEREUM IS ENCOURAGING AND CAN BE A SIGN THAT THE MARKET BOTTOM IS APPROACHING.

IT’S DOUBTFUL THAT THE TREND WILL ALTER THIS YEAR, BUT IT MIGHT IN THE YEAR AFTER.

IF YOU’RE STILL PREPARED TO BUY THE DIP AND HAVE CASH ON HAND, DOLLAR-COST AVERAGING LONG-TERM INVESTMENTS NOW COULD BE A SOLID STRATEGY TO SET YOURSELF UP FOR MASSIVE GAINS WHEN THE BULL MARKET STARTS. IT MIGHT NOT BE UNTIL Q2 OR Q3 OF 2023 BEFORE WE ACTUALLY HAVE ANOTHER BULL RUN, SO PATIENCE IS THE NAME OF THE GAME.

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CRYPTO NEWS: AS A BEARISH DECLINE FOR BITCOIN AND ETHEREUM TAKES HOLD, AND THE TRADING ACTIVITY SHARPLY DECLINES.

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